Lithia Motors (LAD) Upgraded to Sell by ValuEngine

Lithia Motors (NYSE:LAD) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

LAD has been the topic of a number of other reports. Zacks Investment Research cut shares of Lithia Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. Seaport Global Securities assumed coverage on shares of Lithia Motors in a research note on Wednesday, February 13th. They set a “buy” rating and a $110.00 target price on the stock. Craig Hallum set a $103.00 target price on shares of Lithia Motors and gave the stock a “buy” rating in a research note on Thursday, October 25th. JPMorgan Chase & Co. assumed coverage on shares of Lithia Motors in a research note on Tuesday. They set an “overweight” rating and a $112.00 target price on the stock. Finally, TheStreet raised shares of Lithia Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Lithia Motors currently has a consensus rating of “Buy” and an average price target of $106.29.

Shares of NYSE:LAD opened at $90.43 on Tuesday. The company has a market capitalization of $2.07 billion, a P/E ratio of 9.06, a PEG ratio of 1.02 and a beta of 1.24. The company has a current ratio of 1.20, a quick ratio of 0.25 and a debt-to-equity ratio of 1.13. Lithia Motors has a 1 year low of $67.90 and a 1 year high of $112.21.

Lithia Motors (NYSE:LAD) last announced its quarterly earnings data on Wednesday, February 13th. The company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.12. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Lithia Motors had a net margin of 2.25% and a return on equity of 20.82%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $2.15 earnings per share. As a group, equities analysts predict that Lithia Motors will post 10.3 EPS for the current fiscal year.

In other Lithia Motors news, Director Susan O. Cain sold 1,462 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $87.15, for a total transaction of $127,413.30. Following the sale, the director now owns 10,849 shares of the company’s stock, valued at $945,490.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.18% of the company’s stock.

Several large investors have recently modified their holdings of LAD. Bank of Montreal Can lifted its holdings in shares of Lithia Motors by 65.8% during the fourth quarter. Bank of Montreal Can now owns 1,096 shares of the company’s stock worth $84,000 after purchasing an additional 435 shares during the period. Quattro Financial Advisors LLC acquired a new position in shares of Lithia Motors during the fourth quarter worth $85,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Lithia Motors by 14.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the company’s stock worth $139,000 after purchasing an additional 230 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Lithia Motors by 16.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,221 shares of the company’s stock worth $170,000 after purchasing an additional 309 shares during the period. Finally, MML Investors Services LLC acquired a new position in shares of Lithia Motors during the third quarter worth $231,000.

Lithia Motors Company Profile

Lithia Motors, Inc operates automotive franchises, and retails new and used vehicles in the United States. The company operates in three segments: Domestic, Import, and Luxury. It sells new and used cars, replacement parts, vehicle service contracts, vehicle protection products, and credit insurance products; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing.

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Analyst Recommendations for Lithia Motors (NYSE:LAD)

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